ITWeb reports that Solarise Africa, an energy-as-a-service company for businesses across Africa, has secured a R160 million investment from Mergence Investment Managers. The funding will be instrumental in advancing the deployment of commercial and industrial-scale (C&I) renewable energy solutions across South Africa and marks a milestone in Solarise Africa’s mission to promote sustainable energy development within the region. Mosa Molebatsi, senior investment associate at Mergence Investment Managers, says that the ongoing demand for C&I RE solutions makes companies like Solarise Africa an attractive investment option, highlighting the resilience and growth potential of the sector. “We are excited to support Solarise Africa in its expansion efforts. This partnership reflects our commitment to investing in sustainable projects that provide both environmental and economic benefits.”
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